US EditionWhy has Egypt increased fuel prices despite the global decline? - Egypt Independent
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Dr. Ahmed Shawky Soliman, a member of the Egyptian Society for Political Economy, Legislation, and Statistics, confirmed that with the state's move to reduce the burden on the general budget by reducing subsidies on petroleum products and raising the prices of diesel by 14.8%, 80-octane gasoline by 14.5%, household and commercial butane gas cylinders by 33.3%, and industrial diesel by 10.5%, there will be an increase in the cost of services... S…
Why has Egypt increased fuel prices despite the global decline? - Egypt Independent
Diesel and octane prices in Egypt rose on Friday, with the Ministry of Petroleum and Mineral Resources issuing a statement announcing the reasons for the increase despite the global decline in fuel prices. In a statement, the ministry explained that despite the recent decline in Brent crude and global prices, it only led to a slight decrease in the cost of a liter of diesel – estimated at roughly 40 piasters – resulting in a continued gap betwee…
What are the new gasoline and diesel prices in Egypt? What are the reasons for the rise in gasoline prices in Egypt despite the global decline? Many Egyptians began to wonder after the government increased fuel prices by an average of 2 pounds, despite the sharp decline in global oil prices in recent weeks. However, the government raised the prices of gasoline, diesel, and butane gas. The price of a liter of 95-octane gasoline: 19 pounds. The pr…
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